Kentucky

The Kentucky Public Pension Coalition is committed to protecting Kentucky’s retirement for the future.

About Kentucky's Coalition

Public employees and retirees have joined together to form the Kentucky Public Pension Coalition. The purpose of the Coalition is to defend and preserve retirement security for the workers and retirees of the Commonwealth, its city and county governments, and schools systems across Kentucky.

The Coalition represents the interests of more than 350,000 Kentuckians who have worked hard serving the Commonwealth and expect to be involved in any conversations regarding their retirement security.

Kentucky Pension Facts

Kentucky sponsors 3 major retirement systems that provide benefits for hundreds of thousands of retirees. You can learn more about the performance of these plans in the Commonwealth of Kentucky’s 2017 report ‘Pension Performance and Best Practices Analysis‘.

Governor Bevin Releases Draft of Pension Reform Legislation

Changes proposed in Governor Bevin’s legislation result in “benefit levels lower than currently provided and lower than proposed in the August 28 PFM report” as well as “inadequate benefits for future workers” in many cases.

A review of PFM’s August report on proposed changes to Kentucky’s retirement conducted by the Pension Trustee Advisors (PTA) finds that the proposals will cost more to Kentucky’s taxpayers and its employees while providing lower benefits. Find a summary of the report here.

A report authored by the Kentucky Center for Economic Policy (KCEP) and the Keystone Research Center of Pennsylvania shows how switching to a 401k-type retirement plan will not help Kentucky’s pension funding challenge but make it harder to pay down liabilities while harming the workforce and economy.

The report finds that a switch to a defined contribution plan will fail to save money compared to the inexpensive existing plan while introducing new costs. Such a switch would undermine the state’s ability to attract a skilled workforce and would weaken local economies.